10-Q Filing

LIFECARE HOLDINGS, INC. CIK: 1358057 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-234530`
Period End Date	20120331
Filing Date	20120515
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	cik0001358057-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 29 Cash Flow Statement 61 Stockholders Equity 6

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.84M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.57M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.13M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.30M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $6,841 and $8,477, respectively	`AccountsReceivableNetCurrent`	$85.92M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $6,841 and $8,477, respectively	`AccountsReceivableNetCurrent`	$91.36M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$10.24M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$10.71M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	100.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	100.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$100.75M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$113.18M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$72.40M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$73.77M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$22.71M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$20.08M	USD	Point-in-time
Identifiable intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$38.32M	USD	Point-in-time
Identifiable intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$38.26M	USD	Point-in-time
Goodwill	`Goodwill`	$264.51M	USD	Point-in-time
Goodwill	`Goodwill`	$264.51M	USD	Point-in-time
Total assets	`Assets`	$512.49M	USD	Point-in-time
Total assets	`Assets`	$496.00M	USD	Point-in-time
Current installments of long-term debt	`LongTermDebtCurrent`	$5.91M	USD	Point-in-time
Current installments of long-term debt	`LongTermDebtCurrent`	$6.05M	USD	Point-in-time
Current installments of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$297.00K	USD	Point-in-time
Current installments of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$414.00K	USD	Point-in-time
Current installment of lease financing obligation	`OtherLongTermDebtCurrent`	$519.00K	USD	Point-in-time
Current installment of lease financing obligation	`OtherLongTermDebtCurrent`	$530.00K	USD	Point-in-time
Estimated third party payor settlements	`EstimatedThirdPartyPayorSettlementsCurrent`	$3.31M	USD	Point-in-time
Estimated third party payor settlements	`EstimatedThirdPartyPayorSettlementsCurrent`	$9.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$30.99M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$29.40M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$9.81M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$5.10M	USD	Point-in-time
Accrued vacation	`AccruedVacationCurrent`	$6.59M	USD	Point-in-time
Accrued vacation	`AccruedVacationCurrent`	$7.53M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$11.08M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$13.71M	USD	Point-in-time
Accrued other	`OtherAccruedLiabilitiesCurrent`	$7.21M	USD	Point-in-time
Accrued other	`OtherAccruedLiabilitiesCurrent`	$9.77M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$663.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$863.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$87.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$71.36M	USD	Point-in-time
Long-term debt, excluding current installments	`LongTermDebtNoncurrent`	$431.07M	USD	Point-in-time
Long-term debt, excluding current installments	`LongTermDebtNoncurrent`	$433.89M	USD	Point-in-time
Obligations under capital leases, excluding current installments	`CapitalLeaseObligationsNoncurrent`	$89.00K	USD	Point-in-time
Obligations under capital leases, excluding current installments	`CapitalLeaseObligationsNoncurrent`	$72.00K	USD	Point-in-time
Lease financing obligation, excluding current installments	`OtherLongTermDebtNoncurrent`	$18.90M	USD	Point-in-time
Lease financing obligation, excluding current installments	`OtherLongTermDebtNoncurrent`	$19.04M	USD	Point-in-time
Accrued insurance	`AccruedInsuranceNoncurrent`	$5.02M	USD	Point-in-time
Accrued insurance	`AccruedInsuranceNoncurrent`	$4.10M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$17.66M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$16.84M	USD	Point-in-time
Total liabilities	`Liabilities`	$558.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$546.91M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.01 par value, 100 shares authorized, issued and outstanding	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 100 shares authorized, issued and outstanding	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$175.44M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$175.44M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-226.35M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-221.76M	USD	Point-in-time
Total stockholder's deficit	`StockholdersEquity`	$-46.32M	USD	Point-in-time
Total stockholder's deficit	`StockholdersEquity`	$-50.91M	USD	Point-in-time
Total Liabilities and Stockholder's Deficit	`LiabilitiesAndStockholdersEquity`	$496.00M	USD	Point-in-time
Total Liabilities and Stockholder's Deficit	`LiabilitiesAndStockholdersEquity`	$512.49M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Net patient service revenue	`Revenues`	$94.92M	USD	1 Quarter
Net patient service revenue	`Revenues`	$126.41M	USD	1 Quarter
Salaries, wages, and benefits	`LaborAndRelatedExpense`	$58.54M	USD	1 Quarter
Salaries, wages, and benefits	`LaborAndRelatedExpense`	$44.40M	USD	1 Quarter
Supplies	`SuppliesExpense`	$12.30M	USD	1 Quarter
Supplies	`SuppliesExpense`	$9.29M	USD	1 Quarter
Rent	`OperatingLeasesRentExpenseNet`	$10.57M	USD	1 Quarter
Rent	`OperatingLeasesRentExpenseNet`	$6.47M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$20.76M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$27.30M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.60M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.34M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebtNetOfWriteOffOfFinancingCosts`	$-2.77M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.43M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$11.34M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$17.42M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$98.49M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$130.18M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-3.57M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-3.77M	USD	1 Quarter
Equity in income (loss) of joint venture	`IncomeLossFromEquityMethodInvestments`	$193.00K	USD	1 Quarter
Equity in income (loss) of joint venture	`IncomeLossFromEquityMethodInvestments`	$-101.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$-3.87M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxes`	$-3.38M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$225.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$727.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.60M	USD	1 Quarter

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-4.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.60M	USD	1 Quarter
Depreciation and amortization (including amortization of debt issuance cost)	`DepreciationDepletionAndAmortization`	$5.02M	USD	1 Quarter
Depreciation and amortization (including amortization of debt issuance cost)	`DepreciationDepletionAndAmortization`	$3.45M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.60M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.34M	USD	1 Quarter
Paid in kind interest	`PaidInKindInterest`	$4.40M	USD	1 Quarter
Paid in kind interest	`PaidInKindInterest`	$551.00K	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebtNetOfWriteOffOfFinancingCosts`	$-2.77M	USD	1 Quarter
Equity in (income) loss of joint venture	`IncomeLossFromEquityMethodInvestments`	$193.00K	USD	1 Quarter
Equity in (income) loss of joint venture	`IncomeLossFromEquityMethodInvestments`	$-101.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$527.00K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$144.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.85M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.03M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-422.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-200.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$463.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$955.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$164.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$55.00K	USD	1 Quarter
Estimated third party payor settlements	`IncreaseDecreaseInOtherAccountsPayable`	$875.00K	USD	1 Quarter
Estimated third party payor settlements	`IncreaseDecreaseInOtherAccountsPayable`	$-5.97M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-10.55M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.10M	USD	1 Quarter
Other noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.21M	USD	1 Quarter
Other noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.34M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.59M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.28M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$997.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$816.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-997.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-816.00K	USD	1 Quarter
Deferred financing cost	`PaymentsOfFinancingCosts`	$17.66M	USD	1 Quarter
Borrowings on revolving credit facility	`ProceedsFromLinesOfCredit`	$15.00M	USD	1 Quarter
Borrowings on revolving credit facility	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Payments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$15.00M	USD	1 Quarter
Payments on revolving credit facility	`RepaymentsOfLinesOfCredit`	$35.00M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$257.50M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$241.61M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$1.59M	USD	1 Quarter
Payments on obligations under capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$134.00K	USD	1 Quarter
Payments on obligations under capital leases	`RepaymentsOfDebtAndCapitalLeaseObligations`	$290.00K	USD	1 Quarter
Payments on lease financing obligation	`RepaymentsOfFinancialServicesObligations`	$125.00K	USD	1 Quarter
Payments on lease financing obligation	`RepaymentsOfFinancialServicesObligations`	$116.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.85M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-37.17M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.44M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-40.27M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.57M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.57M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.13M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.30M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$54.57M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.57M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.13M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.30M	USD	Point-in-time
Interest paid	`InterestPaid`	$10.68M	USD	1 Quarter
Interest paid	`InterestPaid`	$17.51M	USD	1 Quarter
Net income taxes received	`IncomeTaxesPaidNet`	$-197.00K	USD	1 Quarter

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-46.32M	USD	Point-in-time
Balance	`StockholdersEquity`	$-50.91M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-4.60M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.60M	USD	1 Quarter
Balance	`StockholdersEquity`	$-46.32M	USD	Point-in-time
Balance	`StockholdersEquity`	$-50.91M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.